This compound is primarily utilized in the pharmaceutical and organic synthesis industries as an intermediate for the production of more complex molecules. Its structure, featuring a cyclopentyl ring and a tert-butyl carbamate group, makes it valuable in the development of bioactive compounds, particularly in the synthesis of peptidomimetics and small molecule drugs. It is often employed in the preparation of chiral amines, which are crucial in creating enantioselective catalysts and therapeutic agents. Additionally, its role in protecting amine groups during multi-step synthetic processes ensures the selective modification of molecules, enabling the precise construction of target compounds in drug discovery and development.